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Insurance Job Descriptions |
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Insurance as a
Career |
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Actuary and Actuarial
Job
Description |
Analyze statistical data, such as mortality,
accident, sickness, disability, and retirement
rates and construct probability tables to
forecast risk and liability for payment of
future benefits. May ascertain premium rates
required and cash reserves necessary to ensure
payment of future benefits. |
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Auditors
Job
Description |
Examine and analyze accounting records to determine financial status of
establishment and prepare financial reports concerning operating procedures. |
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details or watch video |
Claims
Examiners, Property and Casualty Insurance
Job Description |
Review settled insurance claims to determine that payments and settlements
have been made in accordance with company practices and procedures. Report
overpayments, underpayments, and other irregularities. Confer with legal
counsel on claims requiring litigation. |
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Customer Service Representatives
(all industries) |
Interact with customers to provide information in response to
inquiries about products and services and to handle and resolve complaints. |
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Financial
Managers, Branch or Department
Job Description |
Direct and coordinate financial activities of workers in a branch, office,
or department of an establishment, such as branch bank, brokerage firm, risk
and insurance department, or credit department. |
more details and video |
Insurance
Adjusters, Examiners, and Investigators
Job Description |
Investigate, analyze, and determine the extent of insurance company's
liability concerning personal, casualty, or property loss or damages, and
attempt to effect settlement with claimants. Correspond with or interview
medical specialists, agents, witnesses, or claimants to compile information.
Calculate benefit payments and approve payment of claims within a certain
monetary limit. |
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Insurance
Appraisers, Auto Damage
Job Description |
Appraise automobile or other vehicle damage to determine cost of repair for
insurance claim settlement and seek agreement with automotive repair shop on
cost of repair. Prepare insurance forms to indicate repair cost or cost
estimates and recommendations. |
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Insurance Claims Clerks Job Description |
Obtain information from insured or designated persons for
purpose of settling claim with insurance carrier. |
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Insurance
Claims and Policy Processing Clerks Job Description |
Process new insurance policies, modifications to existing policies, and
claims forms. Obtain information from policyholders to verify the accuracy
and completeness of information on claims forms, applications and related
documents, and company records. Update existing policies and company records
to reflect changes requested by policyholders and insurance company
representatives. |
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Insurance
Policy Processing Clerks
Job Description |
Process applications for, changes to, reinstatement of, and cancellation of
insurance policies. Duties include reviewing insurance applications to
ensure that all questions have been answered, compiling data on insurance
policy changes, changing policy records to conform to insured party's
specifications, compiling data on lapsed insurance policies to determine
automatic reinstatement according to company policies, canceling insurance
policies as requested by agents, and verifying the accuracy of insurance
company records. |
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Insurance
Sales Agents Job Description |
Sell life, property, casualty, health, automotive, or other types of
insurance. May refer clients to independent brokers, work as independent
broker, or be employed by an insurance company. |
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Insurance
Underwriters Job Description |
Review individual applications for insurance to evaluate degree of risk
involved and determine acceptance of applications. |
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Personal
Financial Advisors
Job Description |
Advise clients on financial plans utilizing knowledge of tax and investment
strategies, securities, insurance, pension plans, and real estate. Duties
include assessing clients' assets, liabilities, cash flow, insurance
coverage, tax status, and financial objectives to establish investment
strategies. |
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Sales Managers Job Description
(all industries) |
Direct the actual distribution or movement of a product or
service to the customer. Coordinate sales distribution by establishing sales
territories, quotas, and goals and establish training programs for sales
representatives. Analyze sales statistics gathered by staff to determine
sales potential and inventory requirements and monitor the preferences of
customers. |
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